Quotations
Famous Quotations
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Richard Bove Quotes
«These brokerages are going to say about the quarter that just ended, 'It never happened,' because basically all of the core businesses you look at were flat or down somewhat. Depending on the company and the nature of its earnings base, earnings will be weak to very weak.»
Author: Richard Bove
«The industry is out there building branches at an extremely active clip -- a new one is slated to open every 2-1/2 hours until the end of 2005. Bank margins will have to come back down to support the increased cost of running all those branches.»
Author: Richard Bove
«In general, this should be a mixed quarter. Clearly, M&A is strong but the IPO market has slowed down, the equity market is weakening and the fixed income market is limping along.»
Author: Richard Bove
«The ability to utilize those marketing programs is going to be enormous for Bank of America. You'll see a significant increase in the bank's credit-card activity now that they have MBNA.»
Author: Richard Bove
«Imagine the doctor who built an office next to a Ford factory. If the workers lose their jobs and those benefit plans disappear, this doctor isn't going to be able to afford his office.»
Author: Richard Bove
«I wouldn't own any bank stocks in the Midwest. They're exposed to the problems of the auto industry and the Ford layoffs today are just the latest example.»
Author: Richard Bove
«This selection clearly indicates that Mellon is not for either sale or dismemberment. It is more likely to go on an acquisition binge.»
Author: Richard Bove
«PNC has a major home run here. I don't see a downside.»
Author: Richard Bove
«The likelihood is that they would close offices and would get rid of a lot of people. They see (personal advisers) as a very expensive way to do business.»
Author: Richard Bove
«This event highlights, once again, the difficulty in determining earnings for derivative transactions.»
Author: Richard Bove